IMF Upgrades US Outlook But Warns Global Growth Facing Headwinds

• IMF raises US growth forecast to 2.7% in 2023 on robust productivity and employment, calls economy "overheated"

• Cautions Fed against rate cuts given inflation risks, urges "gradual approach" to easing

• Downgrades 2023 Eurozone forecast to 0.8% on high rates, lingering energy impact

• Global inflation progress stalling, still high at 5.9%; risks from oil, China exports, strong China growth

• US fiscal stance concerning, risks pushing up global rates; little Eurozone overheating